Harmonic Pattern formed – Bullish Cypher pattern (Long term)
Harmonic pattern formed- Bearish BAT pattern (Short term)
Potential Reversal Zone (PRZ)- 183.50
- Any break above 186.30 will take the pair to 187/187.45.
- On the downside pair’s major support is around 183.50 and break below targets 182.75/182.50 in short term.
- The pair’s minor resistance is around 184.45 and any break above targets 185.05/185.30/186
It is good to buy at dips around 184.20-25 with SL around 183.50 for the TP of 185.30/186
The material has been provided by InstaForex Company – www.instaforex.com